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Housing board OKs tax credits for Tulsa complex

TULSA (AP) — The Oklahoma Housing Finance Authority has approved tax credits as part of a $43 million deal by investors to revamp a Tulsa apartment complex where four women were shot to death earlier this year.

Midwest Development Partners LLC plans to buy the 336-unit complex from its current owners. The housing authority approved up to $15 million in tax credits as part of the deal and gave initial approval to $27 million in tax-exempt multifamily bonds.

Pete Marrone, a consultant for Midwest Development Partners, says the company hopes to “promote large-scale change” in the neighborhood.

Police have made no arrests in the women’s deaths but say they’re confident charges will be filed soon.